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State Bank of India · Bhadra Project Area

SBIN0040261: State Bank of India, BR Project

IFSC code SBIN0040261 belongs to the BR Project branch of State Bank of India in Bhadra Project Area, Karnataka. Its MICR code is 577002235.

IFSC
SBIN0040261
MICR
577002235
Bank
State Bank of India
Branch
BR Project
District
Bhadra Project Area
State
Karnataka
Phone
+918282256242

Branch address

State Bank of India
BR Project,Shimoga,Karnataka, 577 115

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Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

SBIN is State Bank of India's bank code, the fifth character 0 is kept for future use, and 040261 is the code of the BR Project branch. In the MICR code 577002235, 577 is the city, 002 the bank and 235 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of State Bank of India's BR Project branch (Bhadra Project Area, Karnataka) is SBIN0040261.

  2. 577002235. MICR is printed at the bottom of the branch's cheques.

  3. BR Project,Shimoga,Karnataka, 577 115

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC SBIN0040261 with the beneficiary's account number.

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